The Department of Justice is preparing a second major antitrust suit against Google, according to new reporting by Bloomberg.
The DOJ could sue Google as soon as next month, according to the report, which details that the lawsuit will be filed in federal court in either Washington or New York.
Bloomberg reports that DOJ antitrust lawyers are in the process of wrapping up interviews with publishers after years of work that will ultimately culminate in the coming lawsuit.
The Biden administration went out of its way to name a prominent Google critic, Jonathan Kanter, to lead the DOJ’s antitrust division.

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Tesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings.
The executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April, when he disposed of 9.6 million shares, worth about $8.5 billion.
Musk appears to be selling the shares to stock up on cash in case he’s forced to go through on his $44 billion Twitter acquisition.
Musk says that if the Twitter deal doesn’t close, he’ll buy back his shares.

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Snap launched the paid version of its widely used social media service in India, bringing its exclusive and experimental features offering to the South Asian nation for just 62 cents a month as it looks to supercharge its customer base by attempting to monetize over 100 million users.
The launch of the subscription offering, priced in India at 49 Indian rupees, follows Snap introducing the $4 subscription offering in the U.S., the UK and Canada among a few other key markets in late June.
Lakshya Malu, Interim – Market Development Lead, Snap, says India is an important market for Snap, and investments in localizing the app experience have been key to our growth in the region.

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DataProphet, the South African firm, founded by Frans Cronje and Daniel Schwartzkopff, provides AI-as-a-service software in the manufacturing sector and is announcing the completion of its $10 million Series A round.
Cronje, the company’s CEO, says that DataProphet’s focus on providing end-to-end prescriptive AI for manufacturing plants to improve their yield started in 2017.
The company provides prescriptive advice and suggested changes to manufacturers’ recipes to avoid making the defects that cause their products to be scrapped or reworked.
The company says its flagship AI solution, PRESCRIBE, has helped its clients experience a significant and practical impact on the factory floor, reducing the cost of non-quality by an average of 40%.

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Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre.
The nation spent $807.95m on the importation of phone sets in 2019, $765.57m in 2020 and $772.25m in 2021, the ITC, which is an international body that focuses on trade.
The body explained that the imported telephone sets included: smartphones, facsimile machines for line telephony, teleprinters, parts of telephone sets, and more.
The data further revealed that most of the phone sets coming into the country were from China ($1.71bn in the time under review).
The nation also imports from other nations such as Hong Kong, Sweden, the United States, Netherlands, Vietnam, Mexico, and others.

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The Computer Security Incident Response Team of the Nigerian Communications Commission has flagged a new malware, HiddenAds, which has infiltrated Google Play Store that can impact device performance and jeopardise users’ privacy.
NCC-CSIRT classified the virus as high in probability and damage potential first identified by the McAfee Mobile Research Team.
The malware infiltrated the Google Play Store through several device cleaners or optimization apps.
The NCC security team warned that it could run malicious services without the user opening the app. It also spams the user with irrelevant advertisements.
Permanent Secretary, Ministry of Communications and Digital Economy, Dr William Alo, say of a truth, that the quality of service has improved tremendously over the past few years now and that the Commission deserves a pat on the back for what it has done in that direction.

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The U.S. Securities and Exchange Commission says E-commerce marketing automation platform Klaviyo has received a $100 million strategic investment from Shopify.
Klaviyo CEO Andrew Bialecki says that Klaviyo and Shopify will strengthen their existing partnership by making Klaviyo the recommended email product for Shopify’s premium merchant plan, Shopify Plus while granting Klaviyo early access to in-development Shopify features.
He says Shopify’s been key to their growth and a great team to work with and they are excited that this will help them go faster in helping more of their customers.

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A ruling put out by the European Union’s top court could have major implications for online platforms that use background tracking and profiling to target users with behavioural ads or to feed recommender engines that are designed to surface so-called personalized’ content.
The impacts could be even broader with privacy law experts suggesting the judgement could dial up the legal risk for a variety of other forms of online processing, from dating apps to location tracking and more.
The referral to the Court of Justice of the EU relates to a Lithuanian case concerning national anti-corruption legislation.

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Digital Realty, an American global provider of cloud and carrier-neutral data centres, announced the successful completion of an agreement to acquire a majority interest in Teraco, a carrier-neutral data centre and interconnection services provider in South Africa.
Digital Realty acquired the stake from a consortium of investors, including Berkshire Partners and Permira, in a transaction valuing Teraco at approximately $3.5 billion.
The acquisition adds South Africa to Digital Realty’s 3 existing markets on the continent, including Kenya, Mozambique, and Nigeria.
A. William Stein, chief executive officer at Digital Realty, says that the acquisition of Teraco gives the company significant regional scale and access to a premier, high-quality portfolio in Africa’s largest market which will enhance its ability to serve growing customer demand for connectivity in the region.

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The Central Bank of Kenya has ordered commercial banks, microfinance banks, and mortgage finance companies to immediately end their partnerships with fintech unicorns, Flutterwave and Chipper Cash.
Matu Mugo, deputy director of bank supervision at the CBK, says the two companies have been engaging in Money Remittance and Payment Services without licensing and authorisation by CBK.
Flutterwave however says that it entered Kenya through a partnership with banks and mobile operators licensed by the Central Bank of Kenya.
The company also claimed that it submitted an application to operate as a payment service provider in the country and has been in constant engagement with the CBK to ensure that it provides all the requirements for licensing and is consequently awaiting the issuance of the license.

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